Changes to the Budget Debate

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Department: HM Treasury

Changes to the Budget

Andrew Gwynne Excerpts
Monday 11th June 2012

(11 years, 11 months ago)

Commons Chamber
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David Gauke Portrait Mr Gauke
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I can assure my hon. Friend that we will not be listening to those who think that the best solution to debt is to borrow more.

Andrew Gwynne Portrait Andrew Gwynne (Denton and Reddish) (Lab)
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So much has been changed in this disastrous Budget that one wonders what will be next. Will the Minister now start to rethink his tax cut of £40,000 a year for 14,000 millionaires, which is, quite frankly, outrageous?

David Gauke Portrait Mr Gauke
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Let me point out to the hon. Gentleman that three changes have been made in the 282 measures announced in the Budget. As for the 50p rate, the problem was that it did not raise any money. The measures that we have announced will raise five times more money from the rich than the policy pursued by the Labour party.